The Kaneshita Construction Co.,Ltd. announces an Equity Buyback for 600,000 shares, representing 21.93% for ¥3,054 million.
February 13, 2020 at 02:30 am
Share
The Kaneshita Construction Co.,Ltd. (TSE:1897) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 21.93% of the outstanding shares, at ¥5,090 per share for ¥3,054 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of January 31, 2020, the company had 2,735,849 shares outstanding and 1,070,811 shares in treasury.
The Kaneshita Construction CO., LTD. is a Japan-based company primarily engaged in the construction business, as well as other construction-related business. The Company operates in two segments. The Construction segment is engaged in the construction business. The Manufacture and Sale segment is engaged in the manufactures and sale of asphalt products, the intermediate process of the industrial wastes, the sale of other construction materials, the manufacture and sale of ready mixed concrete, as well as the construction consultant business, among others.
THE KANESHITA CONSTRUCTION CO.,LTD. 
